Return to gold standard could value gold at $7,000/oz.
Central banks have been printing so much money lately that one firm suggests a possible return to the gold standard. In fact, based on the gold standard, the firm argues the implied gold price is higher than $7,000 an ounce. However, right now, it argues that gold prices are too high. Gold is too expensive right now In a note over the weekend, Invesco analysts considered whether gold is cheap or expensive. They said history suggests the yellow metal is expensive, but a return to the gold standard would mean that it’s very cheap. Their current […]valuewalk.com
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